Dec 21, 2012 2:30am PST
expect from wall street today, my good friend, cnbc's ross westgate. happy holidays, sir. >> hey, brian. happy holidays. good to see you before christmas, brian. yeah, we closed high yesterday, but with the events that you've talked about, republicans in the end not holding that vote because john boehner couldn't muster enough votes to raise taxes on people earning over $1 million. futures took a bit of a dive. and right now, we're calling markets down here, the s&p down twre 20 points. there's concern now that boehner can't secure enough votes in the republicans to support whatever plan may come from the other side of the aisle. and there's been a lot of complacency going in for investors. they will eventually get a deal done. european markets are now down at the session lows. off about a percent for the ftse. similar for the german market and in paris as well. so eyes for these periods now around christmas squarely on washington as you might see. not much christmas cheer for research in motion either. this was a stock that was up towards after they came out with numbers better than ex
Dec 19, 2012 2:30am PST
to caroline ross. i like the name, it's good. congratulations. thank you very much. >> you talked about that ubs story. that's a massive, massive fine. one of the biggest banks here in europe. yes, there have been a lot of press speculation about the side of the fine, but it's three times bigger than the fine ba barclay's was fined. ubs also admitting to criminal wro wrongdoing in japan. >> how are global markets doing at this hour? >> well, actually global markets are up. they're cheering, you know, the fact that there could be a fiscal cliff deal between democrats and republicans. look, we've got european markets close to year highs, the cac and dax at 52-week highs. this is more related to the expected aggressive monetary easing by the boj, but even the u.s. markets, the s&p 500 at a two-month high. >> i'm curious, we never really know how the fiscal cliff conversation plays out overseas. is it something that moves the needle in the markets in europe and asia? >> absolutely it does. given that, you know, in terms of european risk, everything pretty much done and dusted. we don'